Ethereum stablecoin supply hits record $166 billion, bolstering role as DeFi’s settlement base

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Timmy Shen

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Mentions

People	Vincent Liu, Nick Ruck
Organizations	Kronos Research, LVRG Research, CoinGecko

Target	Sentiment	Comment
EthereumETH	Bullish	Record stablecoin supply on Ethereum indicates growing institutional adoption and potential price appreciation.
USDTUSDT	Bullish	USDT remains the dominant stablecoin with $87.8 billion in supply on Ethereum.
USDCUSDC	Bullish	USDC holds the second-largest stablecoin supply on Ethereum at $48 billion.